J.P. Morgan keeps hiring MD-level technologists

J.P. Morgan continues to hire senior technologists at its New York headquarters, including at least two managing directors last month.

Ranjit Samra and Myron Wieneke both joined J.P. Morgan as New York-based MDs in March.

Most recently, Samra was the chief information officer of corporate services technology at Credit Suisse, where he worked for three years. Prior to that, he was at Morgan Stanley, where he worked for close to 23 years across five offices worldwide, ultimately rising to the head of private wealth management and performance reporting technology in New York.

As for Wieneke, most recently he was the head of technology services at Bridgewater Associates for four-plus years. Prior to that, he worked at Credit Suisse for more than 15 years, rising up the ladder to become a director and the global head of low-latency electronic-trading infrastructure. Wieneke has actually come full circle, as he started his banking career as a tech development consultant supporting J.P. Morgan’s equities trading floor in the late ’90s. Now he is a production engineering MD.

CEO Jamie Dimon began reorganizing J.P. Morgan’s technology leadership last year. In September, he promoted Lori Beer from the chief information officer of the corporate and investment banking (CIB) division to group CIO, making the bank’s operating committee 50% women.

Michael Grimaldi, who moved across from Deutsche Bank, replaced her as CIO of the CIB. In 2014, Grimaldi joined Deutsche from Goldman Sachs, where spent 21 years, most recently as a partner and the global head of technology and investment research in the securities division.

J.P. Morgan has a huge technology team, with more than 40,000 people in these functions worldwide, including 10,000 who work for its CIB.

In addition to senior technologists, J.P. Morgan – like many other banks – has been recruiting PhDs in applied mathematics, computer science and statistics.

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